Danvers-Massachusetts Savings

Grow your Danvers Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could increase the value of your home. As mentioned before, windows preserve most of their initial value especially given their long life expectancy. At a rate of 72.3% estimated for 2020 an average total window replacement job costing $17,925 would preserve $13,018 of its initial value.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the premium for energy savings on the market? Below is what we found in Danvers:

Put differently, a window investment in Danvers can add anywhere from 0.14% percent and 0.59 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Danvers homeowner is relatively strong.

The variation between the range for Danvers and Boston, which for reference, would yield a potential premium range of 0.14% percent and 0.21% percent respectively, is derived from a number of factors, in particular; the -0.23% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Boston-Cambridge-Newton region, and energy cost differences between Danvers and Boston.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research done by the National Association of Homebuilders. Danvers home value data is provided by Zillow.

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